Financials B2 Impact ASA

Equities

B2H

NO0010633951

Corporate Financial Services

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
8.61 NOK +3.11% Intraday chart for B2 Impact ASA +4.49% +17.14%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 5,031 3,917 3,042 4,217 3,043 3,173 3,173 -
Enterprise Value (EV) 1 15,402 15,296 14,110 13,284 12,085 11,744 13,298 14,274
P/E ratio 7.55 x 36.8 x 9.89 x 7.45 x 9.59 x 7.82 x 7.38 x 5.39 x
Yield 3.66% 0.84% - 4.05% 2.54% 9.52% 8.35% 9.93%
Capitalization / Revenue 1.73 x 1.36 x 0.96 x 1.39 x 0.99 x 0.72 x 0.85 x 0.79 x
EV / Revenue 5.3 x 5.32 x 4.45 x 4.38 x 3.92 x 3.11 x 3.55 x 3.55 x
EV / EBITDA 10.7 x 14 x 10.5 x 9.52 x 8.53 x 6.97 x 8.37 x 7.96 x
EV / FCF -3.87 x -20.3 x 9.48 x 5.77 x 9.73 x 5.46 x -17.5 x -57.6 x
FCF Yield -25.9% -4.91% 10.5% 17.3% 10.3% 18.3% -5.72% -1.74%
Price to Book 1.16 x 0.92 x 0.64 x 0.85 x 0.6 x 0.51 x 0.56 x 0.54 x
Nbr of stocks (in thousands) 409,033 409,933 409,933 407,086 387,181 368,532 368,532 -
Reference price 2 12.30 9.555 7.420 10.36 7.860 8.610 8.610 8.610
Announcement Date 2/28/19 2/28/20 2/12/21 2/10/22 2/15/23 2/15/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,906 2,874 3,174 3,036 3,085 3,775 3,744 4,016
EBITDA 1 1,434 1,093 1,338 1,396 1,417 1,684 1,588 1,793
EBIT 1 1,378 958.6 1,224 1,308 1,334 1,578 1,470 1,796
Operating Margin 47.42% 33.36% 38.56% 43.08% 43.24% 41.8% 39.26% 44.73%
Earnings before Tax (EBT) 1 808 164.9 411 742 421 468 559.7 760.7
Net income 1 649 106.8 309 573 326 363 438.6 596.5
Net margin 22.33% 3.71% 9.74% 18.87% 10.57% 9.62% 11.72% 14.85%
EPS 2 1.630 0.2600 0.7500 1.390 0.8200 0.9400 1.167 1.596
Free Cash Flow 1 -3,983 -751.8 1,488 2,302 1,242 2,151 -760 -248
FCF margin -137.06% -26.16% 46.88% 75.82% 40.26% 56.98% -20.3% -6.18%
FCF Conversion (EBITDA) - - 111.21% 164.9% 87.65% 127.73% - -
FCF Conversion (Net income) - - 481.55% 401.75% 380.98% 592.56% - -
Dividend per Share 2 0.4500 0.0800 - 0.4200 0.2000 0.7000 0.7191 0.8553
Announcement Date 2/28/19 2/28/20 2/12/21 2/10/22 2/15/23 2/15/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 812 792 726 716 825 797 824 914 1,102 1,008 946 851.7 889.4 915.9 928.5
EBITDA 1 364 392 288 309 259 358 364 404 499 394 387 - - - -
EBIT 1 321 370 267 289 139 337 343 375 471 370 362 324.6 361.3 390 361.2
Operating Margin 39.53% 46.72% 36.78% 40.36% 16.85% 42.28% 41.63% 41.03% 42.74% 36.71% 38.27% 38.11% 40.62% 42.58% 38.91%
Earnings before Tax (EBT) 1 210 210 155 125 32 185 80 117 210 58 83 88.22 136.9 146.5 138.5
Net income 1 162 162 120 97 25 143 62 91 163 45 65 67.89 106 113.2 107
Net margin 19.95% 20.45% 16.53% 13.55% 3.03% 17.94% 7.52% 9.96% 14.79% 4.46% 6.87% 7.97% 11.91% 12.36% 11.52%
EPS 2 0.3900 0.3900 0.2900 0.2400 0.0600 0.3600 0.1500 0.2300 0.4200 0.1200 0.1700 0.1804 0.2770 0.3038 0.2880
Dividend per Share 2 - - 0.4200 - - - 0.2000 - - - 0.7000 - - - 0.6600
Announcement Date 8/25/21 11/4/21 2/10/22 5/11/22 8/23/22 11/10/22 2/15/23 5/16/23 8/23/23 11/10/23 2/15/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 10,371 11,379 11,068 9,067 9,042 9,035 10,125 11,101
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.232 x 10.41 x 8.272 x 6.495 x 6.381 x 5.365 x 6.376 x 6.191 x
Free Cash Flow 1 -3,983 -752 1,488 2,302 1,242 2,151 -760 -248
ROE (net income / shareholders' equity) 17.3% 2.49% 6.9% 12.2% 10.7% 8.9% 8.11% 11.4%
ROA (Net income/ Total Assets) 4.81% 0.64% 1.81% 3.53% 2.05% 2.86% 3.06% 4.18%
Assets 1 13,486 16,558 17,056 16,241 15,908 12,712 14,326 14,261
Book Value Per Share 2 10.60 10.30 11.50 12.20 13.00 14.40 15.30 16.10
Cash Flow per Share 5.740 - - - - - - -
Capex 1 5,879 3,117 1,760 1,192 2,157 2,584 3,464 3,707
Capex / Sales 202.31% 108.46% 55.45% 39.26% 69.92% 68.45% 92.53% 92.31%
Announcement Date 2/28/19 2/28/20 2/12/21 2/10/22 2/15/23 2/15/24 - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
8.61 NOK
Average target price
10.37 NOK
Spread / Average Target
+20.40%
Consensus
  1. Stock Market
  2. Equities
  3. B2H Stock
  4. Financials B2 Impact ASA